I’ve written a couple of times about the need for managers to be sensitive to opportunities for women in management roles. Several months ago, Anne Fisher wrote a very interesting article in Fortune: Why Aren’t More CEOs Women?
Why Aren’t More CEOs Women?
I generally agree with several points made by Sheila Wellington, whom Ms. Fisher interviewed for the article. Ms. Wellington is a professor at NYU’s Stern School of Business, and teaches a course called Women in Business Leadership. I probably wouldn’t go as far as she would - some of it seems hyperbolic - but she knows more about this than I do. That applies to the implication of the title of the article. I don’t think a lack of women CEOs is indicative of anything systemic yet.
There are two points in the article that were particularly interesting for me. Ms. Wellington suggests that young women wanting to have a successful career learn how to negotiate. I find this true generally, not just with women, but can’t argue her point. She goes on, though: “Lots of people aren’t comfortable negotiating, so I have them practice, practice, practice.” THIS is MY kind of professor. Practice WORKS.
The second point is worth repeating, but it sure isn’t pretty. When asked about a well known executive saying that women…”don’t make it to the top because they don’t deserve to,” Ms. Wellington said, “He spoke aloud what all too many men in leadership positions believe but don’t articulate.” (The executive resigned).
I have to believe there’s some truth to her comment, simply because I don’t see as many women whom I find incredibly talented getting as many promotions. But am I sitting next to men who make asides to me that I find full of bias? No. Do I sense an undertone in meetings? No.
But the data’s there. So: be watchful, gentlemen, of your biases.
One final point that may surprise. I think the reason more women aren’t CEOs is due to tenure, and not a great deal more. I don’t think we know enough yet to claim institutionalized bias keeping them out of that role. Women didn’t start entering the corporate world in numbers that were significant until perhaps the 1970’s. (Please, I know there were MANY women in business before then. I’m talking about large numbers. All you have to do is read Carol Loomis in Fortune to see how long gender discrimination persisted.) And, “CEO” is not a title given to small business owners. We’re talking here about the top job in the biggest companies in the world. I think it takes 30 years to get there, and in some cases it takes forty years.
I think the reason that there aren’t more women CEOs is because they haven’t been around long enough in significant enough numbers to compare their distribution at the very top with their distribution throughout the organizations. I could be totally wrong. I’ve emailed Ms. Wellington to ask if I am. If I am, I’ll let you know.
And keep this in mind: women make up 57% of graduating college students in the United States.
For those of you who are asking the quintessential Manager Tools question, “Okay, so what do I DO?” I have a recommendation. We’ll talk about succession planning and recruiting later this year, and recommend you have a “bench” of qualified people that you could reach out to fill openings on your team, and potentially pitch to your boss for peer roles. Make sure there are plenty of qualified women on your bench.